Array and Bundle

noun

• An orderly arrangement.
  • usage: "an array of troops in battle order"
• An impressive display.
  • usage: "it was a bewildering array of books"; "his tools were in an orderly array on the basement wall"
• Especially fine or decorative clothing.
  • synonyms: raiment, regalia
• An arrangement of aerials spaced to give desired directional characteristics.

verb

• Lay out orderly or logically in a line or as if in a line.
  • usage: "lay out the clothes"; "lay out the arguments"
  • synonyms: range, lay out, set out
• Align oneself with a group or a way of thinking.
  • synonyms: align

• (n.) Order; a regular and imposing arrangement; disposition in regular lines; hence, order of battle; as, drawn up in battle array.
• (n.) To deck or dress; to adorn with dress; to cloth to envelop; -- applied especially to dress of a splendid kind.
• (n.) To place or dispose in order, as troops for battle; to marshal.
• (n.) The whole body of jurors summoned to attend the court.
• (n.) To set in order, as a jury, for the trial of a cause; that is, to call them man by man.
• (n.) A ranking or setting forth in order, by the proper officer, of a jury as impaneled in a cause.
• (n.) The whole body of persons thus placed in order; an orderly collection; hence, a body of soldiers.
• (n.) An imposing series of things.
• (n.) Dress; garments disposed in order upon the person; rich or beautiful apparel.
• (n.) The panel itself.

noun

• A collection of things wrapped or boxed together.
  • synonyms: package, packet, parcel
• A package of several things tied together for carrying or storing.
  • synonyms: sheaf
• A large sum of money (especially as pay or profit. )
  • usage: "she made a bundle selling real estate"; "they sank megabucks into their new house"
  • synonyms: pile, big bucks, megabucks, big money

verb

• Make into a bundle.
  • usage: "he bundled up his few possessions"
  • synonyms: bundle up, roll up
• Gather or cause to gather into a cluster.
  • usage: "She bunched her fingers into a fist"
  • synonyms: bunch, bunch up, cluster, clump
• Compress into a wad.
  • usage: "wad paper into the box"
  • synonyms: pack, wad, compact
• Sleep fully clothed in the same bed with one's betrothed.
  • synonyms: practice bundling

• (v.i.) To prepare for departure; to set off in a hurry or without ceremony.
• (n.) A number of things bound together, as by a cord or envelope, into a mass or package convenient for handling or conveyance; a loose package; a roll; as, a bundle of straw or of paper; a bundle of old clothes.
• (v.t.) To send off abruptly or without ceremony.
• (v.i.) To sleep on the same bed without undressing; -- applied to the custom of a man and woman, especially lovers, thus sleeping.
• (v.t.) To tie or bind in a bundle or roll.

Bundle is a Strip (q. V.,#2) of consecutive, quarterly Eurodollar or Euroyen futures contracts. Markets, such as Simex offer a Bundle as a convenient package of futures contracts, without the execution risk inherent in building up the Strip, contract by contract. A trader can use Bundles and Packs (q. V.) to implement bets on the change in shape of the Forward Curve.